Daily Current Affairs November 29

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November 29| Daily Current Affairs 2023

Important Days – Daily Current Affairs November 29

1. On which date is the International Day of Solidarity with Palestinian People observed?
A) October 24
B) November 15
C) November 29
D) December 10
E) January 1
Answer: C) November 29

• The United Nations General Assembly has designated 29 November to be celebrated as International Day of Solidarity with Palestinian People.
• This day marked the anniversary of resolution 181 which advocated for the partition of Palestine into two States: one Arab and one Jewish.
• In 1977, the General Assembly called for the annual observance of 29 November as the International Day of Solidarity with the Palestinian People.

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Sports – Daily Current Affairs November 29

2. Who won the men’s singles title at the BWF China Masters 2023?
A) Nishimoto Kenta
B) Naraoka Kodai
C) Lin Dan
D) Chen Long
E) Viktor Axelsen
Answer: B) Naraoka Kodai

• Naraoka Kodai won the men’s singles title at the BWF China Masters 2023 in Shenzhen, beating Nishimoto Kenta in the final, to deny his Japanese compatriot the last spot in the next month’s badminton World Tour Finals.
• The women’s singles title went to Chen Yufei, who beat fellow Chinese shuttler Han Yue in the final.
• The mixed doubles title at the China Masters went to three-time world champions Zheng Siwei and Huang Yaqiong with the all-Japanese women’s doubles final won by Matsuyama Nami and Shida Chiharu.
• Liang Weikeng and Wang Chang defeated India’s mens doubles top seeds Satwiksairaj Rankireddy and Chirag Shetty.

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Ranking – Daily Current Affairs November 29

3. Which railway zone does Vijayawada railway station belongs to?
A) Western Railway Zone
B) Northern Railway Zone
C) Eastern Railway Zone
D) Southern Railway Zone
E) South-Central Railway Zone
Answer: e) South-Central Railway Zone

• The Vijayawada railway station from Andhra Pradesh was awarded a platinum certificate by the Indian Green Building Council (IGBC) for enhancing environmental standards and providing eco-friendly services to passengers.
• Platinum certification is the highest recognition from the IGBC, the country’s premier certification body, which promotes environment friendly construction.
• Vijayawada railway station has elevated its rating from gold, secured in 2019, to platinum.
• In the South-Central Railway (SCR) zone, Vijayawada railway station is the second to achieve a platinum rating after Secunderabad Railway Station.
• Vijayawada Divisional Railway Manager (DRM) Narendra A Patil

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4. Which organization granted the second type certificate for medium category drones to Garuda Aerospace?
A) Federal Aviation Administration (FAA)
B) European Aviation Safety Agency (EASA)
C) Directorate General of Civil Aviation (DGCA)
D) Civil Aviation Authority of Singapore (CAAS)
E) International Civil Aviation Organization (ICAO)
Answer: c) Directorate General of Civil Aviation (DGCA)

• Drone manufacturer Garuda Aerospace has secured the second type certificate for medium category drones from the Directorate General of Civil Aviation.
• The certification showcases Garuda Aerospace’s dedication to pioneering advancements in Unmanned Aerial Vehicle Technology.
• Note: Agnishwar Jayaprakash, the founder of Garuda, received the Global Humanitarian Award from the UK-based organization World Humanitarian Drive (WHD) for their work during the global COVID-19 crisis

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Banking and Finance – Daily Current Affairs November 29

5. From when will the recommendations of the 16th Finance Commission be implemented?
A) April 1, 2023
B) April 1, 2024
C) April 1, 2025
D) April 1, 2026
E) April 1, 2027
Answer: D) April 1, 2026

• The Government released limited technical details about Terms of Reference (ToR) for the 16th Finance Commission.
• The Commission’s recommendations will be implemented from April 1, 2026 for 5 years.

Finance Commission:

• The Finance Commission (FC), a constitutional authority, decides how and how much tax revenue should be distributed between the states and the federal government.
• Under Article 280, The President of India is required to constitute a Finance Commission at an interval of 5 years.
• 15th Finance Commission was constituted by the President of India in November 2017, under the chairmanship of NK Singh.
• Its recommendations will cover a period of five years from the year 2021-22 to 2025-26.

Duties of Finance Commission:

• The Finance Commission will make recommendations on the distribution between the Union and the States of the net proceeds of taxes that are to be divided between them.
• It will also suggest the principles that should govern the grants-in-aid of the revenues of the States out of the Consolidated Fund of India and the sums to be paid to the States by way of grants-in-aid of their revenues under Article 275 of the Constitution for purposes other than those specified in the provisos to clause (1) of that article.

Key points:

Vertical Devolution: (Devolution of Taxes of Union to State)

• Recommended the vertical Devolution at 41%.
• Adjustment of 1% to the Jammu and Kashmir andUnion territory of Ladakh .

Horizontal Devolution: (Allocation between the States)

• 12.5% weightage to demographic performance.
• 45% to income.
• 15% each to population and area.
• 10% to forest and ecology.
• 2.5% to tax and fiscal efforts.

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6. Which organization is recognized as the first depository to register more than 10 crore demats accounts?
A) National Securities Depository Limited (NSDL)
B) Bombay Stock Exchange (BSE)
C) Securities and Exchange Board of India (SEBI)
D) Central Depository Services (India) Ltd (CDSL)
E) Reserve Bank of India (RBI)
Answer: D) Central Depository Services (India) Ltd (CDSL)

• Central Depository Services (India) Ltd is the first depository to register more than 10 crore (100 million) demat accounts.
• The platform received its certificate of commencement of business from the SEBI in February 1999.
• It facilitates holding and transacting securities in the electronic form and facilitates settlement of trades on stock exchanges.
• CDSL maintains and services 10 crore-plus demat accounts of investors or beneficial owners (BOs) spread across India.
• These BOs are serviced by CDSL’s 580-plus depository participants.
• CDSL Ventures (CVL), which is a wholly owned subsidiary of CDSL and the first and largest KYC Registration Agency (KRA).
• CDSL Ventures implemented the KRA system in association with AMFI for all mutual funds in 2008.
• Currently, CVL has over 4.6 crore fully digitised KYC records which are uploaded and accessed by intermediaries spread across the country.

Central Securities Depository:

• A central securities depository (CSD) is a specialized financial organization holding securities like shares, either in certificated or uncertificated (dematerialized) form, allowing ownership to be easily transferred through a book entry rather than by a transfer of physical certificates.
• This allows brokers and financial companies to hold their securities at one location where they can be available for clearing and settlement.

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Business and Economy – Daily Current Affairs November 29

7. What does ‘NFO’ stand for in the context of the WhiteOak Capital Mutual Fund’s recent announcement?
A) Net Financial Offering
B) New Fund Objective
C) Non-Financial Order
D) New Fund Offer
E) National Fund Operation
Answer: d) New Fund Offer

• WhiteOak Capital Mutual Fund announced the launch of their new fund offer (NFO) – ‘WhiteOak Capital Large & Mid Cap Fund.
• WhiteOak Capital Large & Mid Cap Fund is an open-ended equity scheme investing in both large-cap and mid-cap stocks.
• The fund will aim to maintain a roughly equal allocation to large cap and midcap stocks operating between 40 and 60 per cent in each and at the outer side, it may opportunistically own few small cap stocks not exceeding 10 per cent under normal circumstances.

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Appointments – Daily Current Affairs November 29

8. Who has won the presidential election in Madagascar according to preliminary results released by the Independent National Electoral Commission (CENI)?
A) Marc Ravalomanana
B) Andry Rajoelina
C) Hery Rajaonarimampianina
D) Jean-Louis Robinson
E) Albert Zafy
Answer: B) Andry Rajoelina

• Madagascar’s incumbent President Andry Rajoelina has won the presidential election again by garnering more than 50 per cent of the votes, as per preliminary results released by the country’s Independent National Electoral Commission (CENI).
• Rajoelina secured a total of 2,856,090 votes or 58.95 per cent of the votes.
• Madagascar has over 11 million registered voters out of the total population of 30 million.

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Science and Technology – Daily Current Affairs November 29

9. What does the acronym NISAR stand for in the context of the satellite collaboration between India and the US?
A) National Indian Satellite for Advanced Radar
B) New Integrated Satellite for Atmospheric Research
C) NASA-ISRO Synthetic Aperture Radar
D) North American Satellite for Astronomical Reconnaissance
E) Nuclear Imaging Satellite for Astrophysical Research
Answer: c) NASA-ISRO Synthetic Aperture Radar

• India and the US will launch the joint microwave remote sensing satellite for Earth observation.
• The satellite will be named NISAR (NASA-ISRO Synthetic Aperture Radar).
• NISAR is targeted for launch onboard India’s Geosynchronous Satellite Launch Vehicle (GSLV).
• The data from NISAR will be highly suitable for studying the land ecosystems, deformation of solid earth, mountain and polar cryosphere, sea ice and coastal oceans on a regional to global scale.
• This collaboration is informed by Science and Technology Minister Dr. Jitendra Singh, during a meeting with a high-level delegation of NASA led by its administrator Bill Nelson in New Delhi.

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10. What is the primary objective of the collaboration between TASL and Satellogic Inc. in India?
A) Developing electric vehicles
B) Advancing medical research
C) Establishing local space technology capabilities
D) Enhancing cybersecurity
E) Improving agricultural practices
Answer: C) Establishing local space technology capabilities

• Tata Advanced Systems Limited (TASL), private sector player for aerospace and defence solutions, and Satellogic Inc. a leader in sub-metre resolution Earth Observation (“EO”) data collection, entered into a collaboration for establishing and developing local space technology capabilities in India.
• TASL to establish an Assembly, Integration, and Testing (“AIT”) facility for satellites.
• The project will commence with comprehensive training, knowledge transfer, and local assembly of optical sub-metre resolution EO satellites.
• The first is planned to be launched as TSAT-1A.

Low Earth Orbit (LEO) Satellites:

• Satellites in low-Earth orbit (LEO) are situated between 500 and 2000 kilometers from Earth, while satellites in fixed orbit are roughly 36,000 kilometers distant.
• LEO satellites are commonly used for communications, military reconnaissance, spying and other imaging applications.
• LEO satellite might travel at 7.78 x 103 meters per second, orbiting many times a day.
• A constellation of LEO satellites will be placed in order to get the required coverage.

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International Affairs – Daily Current Affairs November 29

11. What type of fuel powered the Virgin Atlantic passenger jet on its London-to-New York flight?
A) Jet-A1
B) Biodiesel
C) Sustainable Aviation Fuel (SAF)
D) Natural Gas
E) Hydrogen Fuel
Answer: C) Sustainable Aviation Fuel (SAF)

• A Virgin Atlantic passenger jet powered by 100% sustainable aviation fuel (SAF) successfully completed a London-to-New York jaunt in an effort to showcase the potential of low-carbon options that currently make up a tiny fraction of the industry’s fuel mix.
• Airlines are banking on fuel made from waste to reduce their emissions by up to 70%, but the high cost and tight supply of materials needed to make SAF make large-scale production difficult.
• SAF accounts for less than 0.1% of total global jet fuel in use today and costs about three to five times as much as regular jet fuel.
• The flight, operated by a Virgin Boeing 787 powered by Rolls-Royce Trent 1000 engines, is the first time a commercial airliner has flown long haul on 100% SAF.
• It had no paying passengers or cargo.
• The flight took off at 1149 GMT from London’s Heathrow Airport with Branson, Virgin Atlantic Chief Executive Shai Weiss and Britain’s transport minister, Mark Harper, on board.
• It landed at New York’s John F. Kennedy International Airport at 1405 EST (1905 GMT), 35 minutes early, where it was met by U.S. Deputy Transportation Secretary Polly Trottenberg, among others.
• Aviation accounts for an estimated 2-3% of global carbon emissions.
• Virgin and its partners Rolls-Royce, Boeing, BP and others won permission to fly using only SAF from the U.S. Federal Aviation Administration, Canadian and UK regulators.

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National Affairs – Daily Current Affairs November 29

12. What is the name of the luxury vessel inaugurated by Nitin Gadkari in Kerala?
A) Imperial Majesty
B) Classic Voyager
C) Luxury Explorer
D) Classic Imperial
E) Regal Elegance
Answer: D) Classic Imperial

• Union Road Transport and Highways Minister Nitin Gadkari has virtually inaugurated the luxury vessel ‘Classic Imperial’, the biggest of its kind tourist vessel in Kerala.

Features:

• Classic Imperial can accommodate up to 150 passengers at a time.
• The vessel is 50 meters long, 11 meters wide and 10 meters high with IRS (Indian Registrar of Shipping) safety certification.
• Centralized AC, DJ booths, open bath, dining area with state-of-the-art facilities, spacious hall, green room, lounge, etc. are part of the vessel.
• The construction of the vessel started in March 2020.
• Nishijith K John, Managing Director, Neo Classic Cruises and Tours Pvt Ltd made the vessel in real.

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13. How much did the Centre spend on the PMGKAY scheme in the last five years prior to the extension?
A) Rs 5.80-lakh crore
B) Rs 8.50-lakh crore
C) Rs 10.20-lakh crore
D) Rs 11.80-lakh crore
E) Rs 15.50-lakh crore
Answer: D) Rs 11.80-lakh crore

• The Union Cabinet approved extension of free foodgrains scheme, Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) for the next five years.
• The scheme is a part of an entitlement under the National Food Security Act (NFSA).
• With this, the government will incur additional Rs 14,000-15,000 crore annually for the next five years.
• In 2022-23, a total of 513.14 lakh tonnes (lt) of foodgrains were distributed through ration shops under the NFSA, including 341.80 lt of rice and 171.34 lt of wheat.
• The Centre has spent Rs 11.80-lakh core in the last five years on this scheme.
• The current PMGKAY scheme is valid till December 31, 2023.

PM Garib Kalyan Anna Yojana:

• It was introduced in 2020 during Covid Situation.
• Under NFSA 2013, each beneficiary of ration card holders is entitled to get 5 kg of rice or wheat or both per month.

Categories of Ration Card Holders:

• AAY(Antodya Anna Yojana) – Beneficiaries receives 35kg of grains per month.
• Priority Household: Receives food grain based on the family size, with each member getting 5 kg of rice.
• Note: According to the food ministry data, for current fiscal, the economic cost of rice is Rs 39.18/kg and that of wheat is Rs 27.03/kg.
  • The government has allocated Rs 1,97,350 crore for FY24 against Rs 2,87,194 crore in FY23 (RE).
  • It is expected to exceed Rs 2-lakh crore in current fiscal.

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14. Where is India’s first Telecom Centre of Excellence set to be established by the Uttar Pradesh government?
A) IIT Bombay
B) IIT Delhi
C) IIT Kharagpur
D) IIT Roorkee
E) IIT Madras
Answer: D) IIT Roorkee

• Uttar Pradesh government has announced to build India’s first Telecom Centre of Excellence in IIT Roorkee.
• The state government has announced to shell out as much as Rs 30 crore in establishing a research center at IIT Roorkee in Saharanpur.
• The center will focus on the intersection of 5G technology and artificial intelligence (AI) and will lay the groundwork for the launch of 6G technology.

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15. How many gram panchayats are targeted to be covered under the financial inclusion programme with the launch of ‘Ama Bank’?
A) 5,000
B) 6,798
C) 4,373
D) 65% of total gram panchayats
E) 10,000
Answer: C) 4,373

• To cover 4,373 unbanked gram panchayats under the financial inclusion programme, Chief Minister of Odisha Naveen Patnaik launched ‘Ama Bank’ for providing banking services through customer service point (CSP) Plus banking outlets.
• 65 per cent of the total 6,798 gram panchayats do not have a bank branch leading to difficulties in accessing banking services and availing government benefits under the direct benefit transfer (DBT) schemes.
• Therefore, the state government in collaboration with six public sector banks namely State Bank of India, Punjab National Bank, Union Bank of India, UCO Bank, Bank of India and Bank of Baroda has come up with the “Ama Bank” scheme for providing banking services to all unbanked GPs.
• 750 panchayats will get banking services through CSP outlets in the first phase and the remaining panchayats will be covered by March 2024.
• The CSP Plus banking outlets will empower the people by providing credit for small businesses. As many as 15 banking services will be available through these outlets and steps have been taken to provide doorstep services to elderly, differently-abled persons and pregnant women.
• State government is providing rent free banking space for five years.
• The state government will also bear one-time expenses for fixed cost and recurring expenses for a period of three years.

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16. What is the approved budget for the Central Sector Scheme providing drones to Women Self Help Groups (SHGs)?
A) Rs. 500 Crore
B) Rs. 750 Crore
C) Rs. 1000 Crore
D) Rs. 1261 Crore
E) Rs. 1500 Crore
Answer: D) Rs. 1261 Crore

• The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi has approved Central Sector Scheme for providing Drones to the Women Self Help Groups (SHGs), with an outlay of Rs. 1261 Crore for the period from 2024-25 to 2025-26.
• The scheme aims to provide drones to 15,000 selected Women SHGs during the period 2023-24 to 2025-2026 for providing rental services to farmers for agriculture purpose.

Highlights:

• Central Financial Assistance @ 80% of the cost of drone and accessories/ancillary charges up to a maximum of Rs. Eight Lakh will be provided to the women SHGs for purchase of drones.
• The Cluster Level Federation (CLFs) of SHGs may raise the balance amount (total cost of procurement minus subsidy) as loan under National Agriculture Infra Financing Facility (AIF).
• Interest subvention @ 3% on the AIF loan will be provided.
• One of the members of the women SHGs who is well qualified, 18 and above years of age will be elected by the SRLM and LFCs for 15 day training comprising of 5 day mandatory drone pilot training and additional 10 day training for agriculture purpose of nutrient and pesticide application.
• The other member / family member of the SHG with inclination to take up repairs of electrical goods, fitting and mechanical works will be selected by the State Rural Livelihood Mission (SRLM) and LFCs who will be trained as drone technician/assistant.
• These training shall be provided as a package along with the supply of drones.
• LFCs will also promote use of Nano Fertilizers such as Nano Urea and Nano DAP by the drones with SHGs.
• SHGs will rent out the drone services to the farmers for Nano fertilizer and also for pesticide applications.

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17. What is the financial implication of the continuation of Fast Track Special Courts (FTSCs) from 01.04.2023 to 31.03.2026?
A) Rs. 1000 crore
B) Rs. 1500 crore
C) Rs. 1952.23 crore
D) Rs. 2000 crore
E) Rs. 2500 crore
Answer: C) Rs. 1952.23 crore

• The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the continuation of Fast Track Special Court (FTSCs) as, a Centrally Sponsored Scheme (CSS) from 01.04.2023 to 31.03.2026 with financial implication of Rs. 1952.23 crore (Rs. 1207.24 crore as Central Share and Rs. 744.99 crore as State share).
• Central Share is to be funded from Nirbhaya Fund.
• The Central Government enacted the “The Criminal Law (Amendment) Act. 2018,” which included stringent punishment, including the death penalty for rape offenders, leading to the creation of the Fast Track Special Courts (FTSCs).
• FTSCs Scheme was launched on 2 October 2019.
• Fast Track Special Courts are established for the timely disposal of cases related to rape and the Protection of Children from Sexual Offences Act (POCSO Act) in August 2019.
• The scheme mandated the establishment of exclusive POCSO Courts for districts with over 100 POCSO Act cases.
• Thirty States/Union Territories have participated in the Scheme, operationalizing 761 FTSCs, including 414 exclusive POCSO Courts, which have resolved over 1,95,000 cases.

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18. What is the total outlay approved for Pradhan Mantri Janjati Adivasi Nyaya Maha Abhiyan (PM JANMAN)?
A) Rs. 10,000 crore
B) Rs. 15,336 crore
C) Rs. 20,000 crore
D) Rs. 24,104 crore
E) Rs. 30,000 crore
Answer: d) Rs. 24,104 crore

• The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi has approved Pradhan Mantri Janjati Adivasi Nyaya Maha Abhiyan (PM JANMAN) with total outlay of Rs.24,104 crore (Central Share:Rs.15,336 crore and State Share: Rs.8,768 crore) to focus on 11 critical interventions through 9 line Ministries.
• The Prime Minister announced the Abhiyan on Janjatiya Gaurav Diwas ( November 15) from Khunti.
• This day is dedicated to the great Tribal freedom fighters and the tribals who preserve the culture and heritage of India.
• The scheme is for the upliftment of Particularly Vulnerable Tribal Groups.
• Pradhan Mantri PVTG of Development Mission will be launched with an amount of 15,000 crore for 3 years under the Development Action Plan for the Scheduled Tribes (DAPST)
• This Scheme provides basic facilities such as safe housing, clean drinking water and sanitation, improved access to education, health and nutrition, road and telecom connectivity, and sustainable livelihood opportunities.
• India has ST population of 10.45 crore as per 2011 census, out of which 75 communities located in 18 States and the Union Territory of Andaman and Nicobar Islands have been categorized as Particularly Vulnerable Tribal Groups (PVTGs).

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19. Where will the second edition of the Military Literature Festival take place?
A) Chandigarh, Haryana
B) Amritsar, Punjab
C) Patiala, Punjab
D) Jaipur, Rajasthan
E) Delhi, NCR
Answer: B) Amritsar, Punjab

• The Second edition of the Military Literature Festival will be held in Amritsar, Punjab
• The 1st edition of this festival held in Patiala, Punjab
• The event will also focus on Punjab and Punjabiyat, including military history.
• The strategic vision of Maharaja Ranjit Singh will also be discussed.
  Keyperson: Lt-Gen TS Shergill (retd), chairman, Military Literature Festival Association.

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